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Consider the following 3 alternatives: (in $$ millions) A B C Initial cost 50 150 110 Uniform annual benefit 30 45 45 All three

Consider the following 3 alternatives: (in $$ millions) A B C Initial cost 50 150 110 Uniform annual benefit 30 45 45 All three alternatives have a useful life of 8 years and the interest rate is 10%. Using only the discounted payback period, which alternative should be selected?

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